India Considers Export Tax on Low-Grade Iron Ore: Reuters

India is mulling an export tax on low-grade iron ore after small steel producers pressed the government to curb its overseas sales, Reuters reports, citing two unidentified people directly involved in the matter.

• A decision on whether to impose an export tax will depend on the recommendations of the Ministry of Steel
• Ministry of Steel did not respond to a Reuters request for comment on Monday
• NOTE: Indian Steel Mills Seek Iron Ore Export Ban as China Sales Jump

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Aysha Diallo in New York at adiallo63@bloomberg.net

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